https://www.taxtmi.com/caselaws?id=252502 Penalty proceedings under Rule 96ZP(3) of the Central Excise Rules, 1944 must be initiated within a reasonable time even where no express limitation period is provided. Applying the view that five years is a reasonable period for commencing such action, the Court held that proceedings started after that period were not sustainable. The revenue's reliance on a contrary decision did not assist it because that decision also recognised the need for action within a reasonable time when the statute is silent. Deletion of the penalty was therefore upheld in favour of the assessee. en-us Mon, 14 Jul 2014 00:00:00 +0530 Wed, 03 Jun 2015 16:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252502 Penalty proceedings under Rule 96ZP(3) of the Central Excise Rules, 1944 must be initiated within a reasonable time even where no express limitation period is provided. Applying the view that five years is a reasonable period for commencing such action, the Court held that proceedings started after that period were not sustainable. The revenue's reliance on a contrary decision did not assist it because that decision also recognised the need for action within a reasonable time when the statute is silent. Deletion of the penalty was therefore upheld in favour of the assessee. Case-Laws Central Excise Mon, 14 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252502